News

system upgrade

Debtman Upgrade

Debtsource is pleased to announce that with effect from 5 January 2022, our Debtman system will be upgraded to an improved user experience. Over the past 10 months we have developed, tested, and implemented a revised online solution which will result in more streamlined access for our clients and internal users. The system will be …

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financial recovery

IDC financial support packages for companies affected by looting

The Industrial Development Corporation (IDC) has earmarked a R1.5 billion funding package in response to the civil unrest, looting and destruction of property that occurred in parts of the country, according to the company’s website. The IDC’s R1.5 billion Post Unrest Business Recovery package includes funding support for businesses and communities impacted by the unrest. …

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surety

Sureties vs Guarantees

A number of Debtsource clients have over the past months queried with us what the difference is between a surety and guarantee. In some cases clients prefer to have a surety, while other clients are advised by their legal representatives to rather call for an unconditional guarantee. Credit Guarantee Insurance Corporation (CGIC) recently circulated a …

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